Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Retail Building on Spencer Highway Title is generated by Realmo AI

    8380 Spencer Highway, La Porte, TX 77571

    View on Map
    Claim this Listing
    For Sale
    $765,000

    Retail building in La Porte, TX, 100% occupied.

    Type:SCR-COM, SCR-FREE
    Property size:
    9,800 SF
    Lot size:
    0.35 Acres
    Price / SF:
    $78/SF
    Added:
    Mar 6, 2023
    Days on Market:
    1178
    Last Refresh:
    Apr 3 at 5:02 am

    Property Features for 8380 Spencer Highway

    General Information

    Standard status
    Active
    Size
    9,800 SF
    Lot size
    0.35 Acres
    Property subtype
    SCR-COM, SCR-FREE

    Building Details

    Year Built
    1978

    We can help!

    Listing Contact
    Chaundra Hugel Broughton
    Chaundra Hugel Broughton

    Listing agent Chaundra Hugel Broughton License #667270, Texas

    Listing office KW Commercial Houston

    Listing date Mar 6, 2023

    Source Realnex

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial Houston

    HighLights

    • 100% Occupied Retail Building
    • High Traffic Count: 25,200+ AADT (TxDOT‑2023)
    • Located Near Major Retailers (H‑E‑B, Walmart, Starbucks, Chick‑fil‑A, ALDI)
    • Freestanding 9,800 Sq. Ft. Building
    • Close Proximity to Major Thoroughfares (Beltway 8, Highway 146, Highway 288)
    • Located on Spencer Highway in La Porte, TX

    Overview

    The subject property is a freestanding 9,800 sq.ft. retail building located on Spencer Highway in La Porte, TX. It is situated on 0.35 acres and is currently 100% occupied. The location benefits from a daily traffic count of 25,200+ AADT (TxDOT-2023). The property is in close proximity to major thoroughfares such as Beltway 8, Highway 146, and Highway 288. It offers exceptional exposure and heavy traffic counts, being located near major retailers including H-E-B, Walmart Supercenter, Starbucks, Chick-fil-a, and ALDI.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Spa & Massage Center Garden Center Skin Care Clinic Department Store Electrical Service Electronics & Wireless Store Veterinary Clinic Travel Agency Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    Harris
    State
    Texas
    Longitude
    -95.0483
    Latitude
    29.6785

    Nearby Similar for Sale

    • $599,000
      7,140 SF

      La Porte Commercial Property Opportunity

      Versatile commercial building in La Porte, suitable for various uses.
      130 S 4th St 1, La Porte, TX 77571
      View Details
    • $930,000

      Renovated Office Building Near Highway

      Recently renovated office building near Houston Ship Channel - Industrial Hub.
      903 S. 8th St. , La Porte, TX 77571
      View Details
    • $2,995,000
      2,560 SF

      Equestrian Estate on 15 Acres

      Premier equestrian estate with luxury home and professional-grade amenities.
      10431 N P Street, La Porte, TX 77571
      View Details
    • $338,400

      Turnkey Duplex in La Porte

      Upgraded duplex on a spacious lot with development potential.
      317-319 E B St, La Porte, TX 77571
      View Details
    • $545,000
      3,000 SF

      Updated Auto Shop For Sale

      Recently updated auto shop with new paint booth and lift.
      1307 W Main St, La Porte, TX
      View Details
    • Contact for pricing
      6,000 SF

      Office/Flex Space For Lease

      6,000 SF office/flex space ideal for light assembly.
      400 10th Street, La Porte, TX
      View Details
    • $930,000
      6,000 SF

      La Porte Office Building For Sale

      6,000 SF office building available in La Porte, TX.
      903 S 8th St, La Porte, TX
      View Details
    • $699,000
      5,040 SF

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 North Broadway Street, La Porte, TX 77571
      View Details
    • Contact for pricing
      40,000 SF

      Industrial Flex Space Available

      40,000 SF industrial flex space in La Porte, TX
      400 N TENTH ST, LA PORTE, TX 77571
      View Details
    • $550,000
      8,017 SF

      Retail Building with Rental Income

      Retail building with tenants and $4,500 monthly rental income.
      1220 S Broadway St, La Porte, TX 77571
      View Details
    • $699,000

      La Porte Office/Retail Complex

      Free-standing office/retail complex in downtown La Porte, Texas.
      110 N Broadway St, La Porte, TX 77571
      View Details
    • Contact for pricing
      15,124 SF

      Commercial Property for Sale

      Commercial property available for sale in La Porte, Texas.
      301 E Main St, La Porte, TX 77571
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail building in La Porte, TX, 100% occupied.
    Where is this storefront property located?
    The property is located at 8380 Spencer Highway La Porte, TX.
    What is the asking price?
    The asking price for this property is $765,000.
    What are key features of this property?
    This property features: 100% Occupied Retail Building; High Traffic Count: 25,200+ AADT (TxDOT‑2023); Located Near Major Retailers (H‑E‑B, Walmart, Starbucks, Chick‑fil‑A, ALDI)
    (917) 743-6241
    We can help!
    Listing Contact
    Chaundra Hugel Broughton
    Chaundra Hugel Broughton
    Real Estate License ID: 667270, Texas
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8380 Spencer Highway, La Porte, TX 77571
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!